Trammell Crow Company (TCC) and CBRE Global Investors plan to break ground later this month on the Butterfield 5 Technology Park in Morgan Hill. The five-building industrial park will span 410,076 square feet and include five Class-A industrial buildings.

The JV partnership acquired the 24-acre site, which is located west of Highway 101 at Butterfield and Sutter boulevards, in August 2020. The project is slated for completion during the first quarter of 2022. All five buildings will be built on a speculative basis.

“The Butterfield 5 project addresses a unique segment of the market with its small- and medium-sized buildings. We believe Butterfield 5 will meet market demand by providing attractive options for local companies seeking class-A light industrial space,” said Will Parker, principal of TCC’s Northern California Business Unit. “Morgan Hill is now a part of the conversation for Silicon Valley tenants and positioned to compete for upcoming lease rollovers in the next 36 months.”

The buildings within Butterfield 5 Technology Park will range from 70,280 square feet to 91,738 square feet and are designed to accommodate companies that require as little as 35,000 square feet. Clear heights range from 28 to 32 feet.

The project is represented by the CBRE leasing team of Rob Shannon, Chip Sutherland and Brian Matteoni.

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